Common use of FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES Clause in Contracts

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions. 3. Without derogation from section 2 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party most-favored-nation or national treatment, whichever is most favorable, with respect to: (a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited in financial institutions located in the territory of the Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; (b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; and (c) rates of exchange and related matters, including access to freely usable currencies.

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions. 3. Without derogation from section 2 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party most-most- favored-nation or national treatment, whichever is most favorable, with respect to: (a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited in financial institutions located in the territory of the Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; (b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; and (c) rates of exchange and related matters, including access to freely usable currencies.

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions. 3. Without derogation from section 2 of this Article, ," in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party most-favoredmostfavored-nation or national treatment, whichever is most favorable, with respect to: (a) opening Opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited in financial institutions located in the territory of the Party provided that nationals and companies of the other Party may be required to to. comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a -a restriction on payments or transfers for current transactions; (b) paymentsPayments, remittances and transfers of convertible currencies, or financial instruments representative represe11tative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; and (c) rates Rates of exchange and related matters, including access to freely usable currencies.. (,

FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency. 2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions. 3. Without derogation from section 2 of this Article, ," in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party most-favoredmostfavored-nation or national treatment, whichever is most favorable, with respect to: (a) opening Opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited in financial institutions located in the territory of the Party provided that nationals and companies of the other Party may be required to to. comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a -a restriction on payments or transfers for current transactions; ; (b) paymentsPayments, remittances and transfers of convertible currencies, or financial instruments representative represe11tative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; and and (c) rates Rates of exchange and related matters, including access to freely usable currencies.. (,